United States of America: OFAC investigation into Uphold for apparent violations of sanctions against Iran, Cuba, and Venezuela
Progress
Current status
in force
31 Mar 2023 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued Settlement Agreement between OFAC and Uphold for apparent violations of sanctions against Iran, Cuba, and Venezuela
On 31 March 2023, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury announced it had reached a settlement agreement with “Uphold HQ Inc.”, a US digital trading platform, in its investigation over the company’s apparent…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
central government